Taxes and Yield Protection Sample Clauses

Taxes and Yield Protection. 17 Section 3.1 Taxes......................................................... 17 Section 3.2 Alternate Rate of Interest.................................... 18 Section 3.3 Illegality.................................................... 19
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Taxes and Yield Protection. 4.01 Taxes.
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Taxes and Yield Protection. 21 3.1 Taxes...............................................................21
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Taxes and Yield Protection. The Company will indemnify the Lenders for withholding taxes. The definitive loan documents will also contain customary tax gross-up, yield protection and breakage provisions. Voting: Required Lenders shall be equal to 66 2/3% or more of commitments under the Facilities, except that (a) the consent of each Lender directly affected thereby shall be required with respect to (i) reductions in the amount of, or extensions of the scheduled date of amortization or final maturity of, any loan, (ii) reductions in the rate of interest or any fee or extensions of any due date therefore, and (iii) increases in the amount or extension of the expiry date of any Lender’s commitments and (b) the consent of 100% of the Lenders shall be required with respect to (i) modifications of the voting percentages and rights and (ii) releases of all or substantially all of the guarantees or all or substantially all of the collateral. Confidential Summary of Indicative Terms and Conditions BAREFOOT ACQUISITION INC. Assignments and Participations: Each Lender may at any time sell assignments in the Facilities to eligible financial institutions or commercial banks in minimum amounts of $5,000,000 (or all of such Xxxxxx’s remaining loans and commitments) subject to the consent of the Administrative Agent, the Issuing Lender (for assignments of the Revolving Credit Facility only) and (so long as no event of default has occurred and is continuing) the Company (which shall not be unreasonably withheld or delayed). Each Lender may sell participations in all or any part of the Facilities, provided such participants shall only have voting rights with respect to certain customary or affected lender-consent items. Governing Law and Forum: The loan documents will be governed by Ohio law. The Loan Parties will submit to the jurisdiction and venue of the federal and state courts located in Franklin County in the State of Ohio and will waive any right to trial by jury. Counsel to the Administrative Agent: Xxxxxx, Xxxxxxx & Xxxxxxx LLP. Exclusivity: From the date of acceptance of the Term Sheet, there shall be no competing offer, placement or arrangement of any senior credit financing by or on behalf of the Sponsor, and the Sponsor will immediately advise the Administrative Agent if any such transaction is contemplated. This Term Sheet does not constitute a commitment, a contract to provide a commitment or an offer to enter into a contract to provide the credit facilities described herein. Such a co...
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Taxes and Yield Protection. 12 3.01 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 3.02 Increased Costs and Reduction of Return . . . . . . . . . . . . . . 13 3.03 Certificates of the Bank. . . . . . . . . . . . . . . . . . . . . . 14 3.04 Survival. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
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Taxes and Yield Protection 
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Related to Taxes and Yield Protection

  • Taxes Yield Protection and Illegality 3.01 Taxes.

  • Yield Protection If, on or after the date of this Agreement, the adoption of any law or any governmental or quasi-governmental rule, regulation, policy, guideline or directive (whether or not having the force of law), or any change in the interpretation or administration thereof by any governmental or quasi-governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender or applicable Lending Installation with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency:

  • Yield Protection Etc 60 Section 4.1. Additional Costs; Capital Adequacy. 60 Section 4.2. Suspension of LIBOR Loans. 62 Section 4.3. Illegality. 63 Section 4.4. Compensation. 63 Section 4.5. Treatment of Affected Loans. 64 Section 4.6. Affected Lenders. 64 Section 4.7. Change of Lending Office. 65 Section 4.8. Assumptions Concerning Funding of LIBOR Loans. 65 i Article V. Conditions Precedent 65 Section 5.1. Initial Conditions Precedent. 65 Section 5.2. Conditions Precedent to All Loans and Letters of Credit. 67 Article VI. Representations and Warranties 68

  • Yield Protection Taxes 4.1 Yield Protection 4.2 Changes in Capital Adequacy Regulations 4.3 Availability of Types of Advances

  • Yield Protection and Illegality 32 Section 4.1

  • Taxes and Insurance Borrower shall pay to Lender on each Payment Date (i) one-twelfth (1/12th) of the Taxes that Lender estimates will be payable during the next twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective due dates and (ii) one-twelfth (1/12th) of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Lender sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Such amounts will be transferred by Lender to a Subaccount (the “Tax and Insurance Subaccount”). Lender will (a) apply funds in the Tax and Insurance Subaccount to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Section 5.2 hereof and Section 7.1 hereof, provided that Borrower has promptly supplied Lender with notices of all Taxes and Insurance Premiums due, or (b) reimburse Borrower for such amounts upon presentation of evidence of payment; subject, however, to Borrower’s right to contest Taxes in accordance with Section 5.2 hereof. In making any payment relating to Taxes and Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If Lender determines in its reasonable judgment that the funds in the Tax and Insurance Subaccount will be insufficient to pay (or in excess of) the Taxes or Insurance Premiums next coming due, Lender may increase (or decrease) the monthly contribution required to be made by Borrower to the Tax and Insurance Subaccount.

  • Computation of Interest, Fees, Yield Protection All interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days. Each determination by Agent of any interest, fees or interest rate hereunder shall be final, conclusive and binding for all purposes, absent manifest error. All fees shall be fully earned when due and shall not be subject to rebate, refund or proration. All fees payable under Section 3.2 are compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money. A certificate as to amounts payable by Borrowers under Section 3.4, 3.6, 3.7, 3.9 or 5.9, submitted to Borrower Agent by Agent or the affected Lender, as applicable, shall be final, conclusive and binding for all purposes, absent manifest error, and Borrowers shall pay such amounts to the appropriate party within 10 days following receipt of the certificate.

  • Taxes, Etc Any taxes, fees and expenses in connection with the purchase and registration under the Buyers’ flag shall be for the Buyers’ account, whereas similar charges in connection with the closing of the Sellers’ register shall be for the Sellers’ account.

  • Child Protection Barracudas’ staff have a duty to respond if they suspect a child may be suffering from or makes a disclosure about abuse. In this event staff will contact the relevant local authority and act on their advice.

  • Taxes and Interest (1) Except as hereinafter provided, all interest earned on the Settlement Amount in the Trust Account shall accrue to the benefit of the Settlement Classes and shall become and remain part of the Trust Account.

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